BBMG starts pre-marketing for $700 million IPO

The Beijing producer of construction materials aims to complete the second largest Hong Kong IPO this year.

BBMG Corporation yesterday started pre-marketing for an IPO that is expected to raise around $700 million, said sources close to the deal. Shares in the company are expected to start trading at the end of the month, and if the deal is completed, it will be the second largest IPO in Hong Kong so far this year.

The company is the largest supplier of building materials in Beijing, Tianjin and Hebei province. Its core business is cement it has a...